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Title: Sending BTC to an offline CPU?? Post by: Jasun7211 on November 29, 2013, 06:05:27 PM I currently am thinking of doing the above mentioned. I get varous dividends from different stocks, and gaming sites. I Was weighing the pros and cons of storing all my non-investment bitcoins on an offline cpu....connecting it once a week or so to update any transactions and immediately take it off line once the chain is updated....
Pros??? Cons??? thanks Title: Re: Sending BTC to an offline CPU?? Post by: lambdaE on November 29, 2013, 06:11:41 PM Use armory offline instead and never connect.
And your main computer connected to internet might use armory online with watch only wallet Title: Re: Sending BTC to an offline CPU?? Post by: Jasun7211 on November 29, 2013, 06:18:42 PM looks great thanks. I just read up on it.
Title: Re: Sending BTC to an offline CPU?? Post by: DeathAndTaxes on November 29, 2013, 06:20:31 PM Another option would be to use a paper wallet for your cold storage and keep a client updated for daily spending. The simple answer is there is no issue sending coins to an offline address.
Title: Re: Sending BTC to an offline CPU?? Post by: WayTooGosu on November 29, 2013, 06:24:30 PM You can simply go online on the machine once and have your BTC transferred onto it and then never go online again.
Title: Re: Sending BTC to an offline CPU?? Post by: chorchonga on November 29, 2013, 06:31:11 PM You don't ever have to go online to receive BTC to a wallet, only to spend them.
Title: Re: Sending BTC to an offline CPU?? Post by: DeathAndTaxes on November 29, 2013, 06:33:42 PM You can simply go online on the machine once and have your BTC transferred onto it and then never go online again. You don't need to go online even once to receive Bitcoins. Once confirmed the record existing on every node in the network. Your wallet doesn't contain any coins. It contains the keys which allow you to spend coins sent to you. You don't need to go online except to spend Bitcoins. I have Bitcoins sent to offline paper wallets which have never been online. Not once, not ever. They paper wallet was created offline and the private key has never been entered into an online computer. Title: Re: Sending BTC to an offline CPU?? Post by: Faince1985 on November 29, 2013, 07:16:49 PM possible if you can isolate the computer completely and make sure you don't get your computer hacked,you can use an offline wallet though and reduce risk of being hacked even more.
Title: Re: Sending BTC to an offline CPU?? Post by: _destro on November 29, 2013, 08:57:30 PM Yes, keeping it offline permanently is the safest way. However, if it's not a huge amount, I wouldn't be super concerned if it was connected. Armory or some other local encrypted wallet is probably really unlikely to get hacked if you don't use that pc for anything risky. If it's a hassle for you to setup an offline pc required for cold storage, I wouldn't stress about it - unless we're talking very large sums of BTC.
Title: Re: Sending BTC to an offline CPU?? Post by: exstasie on November 29, 2013, 09:13:20 PM Another option would be to use a paper wallet for your cold storage and keep a client updated for daily spending. The simple answer is there is no issue sending coins to an offline address. That's what I'm thinking of doing. I really need to stop procrastinating and move my BTC offline! |